Treasury Bills – The market stabilizes, interest rates fall
Interest rates on treasury bills are declining, as they recorded a growing trend during the first months of the outbreak of the Covid 19. The epidemic weighted average yield of 2.08%, from 2.25% that had been the result of the previous auction, on 5 May.
The coronavirus crisis brought an increase in yields on Albanian government debt instruments, despite the Bank of Albania’s decision to reduce the key interest rate by half a percentage point, bringing it to a new record low of 0.5%. The increase in government demand for financing and the higher perception of risk among investors brought increased interest rates, although this increase was gradual and the market showed no signs of panic.
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